What is the purpose of an indemnification agreement?

In most contracts, an indemnification clause serves to compensate a party for harm or loss arising in connection with the other party's actions or failure to act. The intent is to shift liability away from one party, and on to the indemnifying party.

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Indemnification Agreement regarding Holding Harmless Indemnitee from...

Bexar Texas Indemnification Agreement regarding Holding Harmless Indemnitee from any Losses Claims or Damages

Name: Bexar Texas Indemnification Agreement regarding Holding Harmless Indemnitee from any Losses Claims or Damages
Brand: US Legal Forms
Rating: 4.6 (402 reviews)

Category:

Corporations - Public - Indemnification

State:

Multi-State

County:

Bexar

Control #:

US-EG-9346

Format:

Instant download

Description

Indemnification Agreement between Celebrateexpress.Com, Inc. and _______ (Indemnitee) regarding holding harmless indemnitee from and against any losses, claims, damages, liabilities, etc. dated 00/00. 10 pages.

Tennessee Storage Business Package

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How to fill out Bexar Texas Indemnification Agreement Regarding Holding Harmless Indemnitee From Any Losses Claims Or Damages?

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FAQ

Services: Protects against liabilities that occur while someone performs a defined service. For example, a contractor on a construction job agrees to hold harmless the general contractor who hired him.

For example, the term "indemnify" is used when a business hopes to protect itself against claims from a customer's error, while a hold harmless clause prevents a business from taking any responsibility for a customer's mistake. Experts recommend that both terms be included for maximum protection.

Indemnification, according to the court, is an offensive righta swordallowing the indemnitee to seek indemnification. On the other hand, hold harmless is a defensive measure providing the right not be bothered by the other party itself seeking indemnification. Under this view, hold harmless shields one party

In most contracts, an indemnification clause serves to compensate a party for harm or loss arising in connection with the other party's actions or failure to act. The intent is to shift liability away from one party, and on to the indemnifying party.

Hold harmless and indemnification is a clause that should identify which party will defend and indemnify the other party in a claim situation; it may be a mutual agreement.

Enforceability of Hold Harmless Agreements The general answer is yes, that these documents signing away your right to sue for negligence are legally enforceable.

A hold harmless clause is used as a release of liability in a contract that protects one party from injury or property damage caused by another party. By signing the clause, the other party is agreeing not to hold business owners legally responsible for the risks involved in certain services.

Legal Definition of hold harmless : of, relating to, or being an agreement between parties in which one assumes the potential liability for injury that may arise from a situation and thus relieves the other of liability a hold harmless agreement a hold harmless clause compare release.

A hold harmless agreement (or harmless agreement) is a legally binding agreement stating that one party will not hold the other party responsible (or liable) for the risk of physical or property damage.

An indemnity agreement is a contract that protect one party of a transaction from the risks or liabilities created by the other party of the transaction. Hold harmless agreement, no-fault agreement, release of liability, or waiver of liability are other terms for an indemnity agreement.200c

Bexar Texas Indemnification Agreement regarding Holding Harmless Indemnitee from any Losses Claims or Damages

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FAQ

What is an example of a hold harmless agreement?

What does indemnify and hold harmless means?

Is hold harmless the same as indemnification?

What is the purpose of an indemnification agreement?

What is an indemnification and hold harmless agreement?

Are hold harmless agreements enforceable?

Who is protected in a hold harmless agreement?

What does it mean to hold harmless?

Are hold harmless agreements legally binding?

What does it mean to agree to indemnify?

Interesting Questions

What is the purpose of the Bexar Indemnification Agreement?

Who is the indemnitee in the Bexar Indemnification Agreement?

What does it mean to 'hold harmless' in the Bexar Indemnification Agreement?

What losses are covered under the Bexar Indemnification Agreement?

Are all claims and damages covered by the Bexar Indemnification Agreement?

Who is responsible for indemnifying in the Bexar Indemnification Agreement?

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